latest news

This from the US last night:

CBD Energy Limited Appoints New U.S. Director
CBD Energy, Ltd. (OTCBB:CBDNF)(“CBD”, the “Company”) is pleased to announce the appointment of William C. Morro to its Board of Directors and as its Audit Committee Chair. Mr. Morro brings to CBD three decades of senior executive and board experience with more than 20 companies, both public and private, in which he has been a direct investor.

Mr. Morro is a Managing Partner of the InterAmerican Group, a U.S. investment and advisory firm focused primarily on middle-market businesses with cross-border operations in North America and/or Latin America. Prior to joining InterAmerican in 2001, Mr. Morro headed private equity business units for BMO Group and Heller Financial and was a Principal and shareholder of the international management consulting firm, Cresap, McCormick & Paget until shortly after its acquisition by Towers, Perrin. He holds an undergraduate degree from Dartmouth College and a Masters degree from the Kellogg Graduate School of Management at Northwestern University.

“Bill’s knowledge of the capital markets and U.S. regulatory framework has been invaluable in our transition from being an ASX listed Company to being registered and trading in the United States”, stated Gerry McGowan, Chairman and Managing Director of CBD. “He is a welcome addition to CBD’s board and I anticipate that his prior experience in guiding mid-market businesses to attain scale and build shareholder value will greatly benefit our management team and the Company going forward”, Mr. McGowan added.

Mr. Morro commented, “The renewable energy segments in which CBD participates are growing rapidly worldwide and are highly fragmented, a combination of circumstances that occurs infrequently and is favorable to CBD as a smaller company. With its strong track record of delivering successful projects and the capital markets access afforded it as a U.S. public company, CBD has extraordinary opportunities to grow and profit in its served markets. I am excited by the challenge and to be associated with the CBD team.”